Government Issues Zero-Coupon Bonds
The Centre, in a first move of its kind, issued Rs 5,500 crore in zero-coupon bonds for recapitalising Punjab and Sind Bank (P&SB) and allowed it to park the paper in its held-to-maturity (HTM) category at face value rather than the discounted market rate.
- The move is seen as raising concern in the accounting fraternity and bank auditors though the banking regulator, the Reserve Bank of India (RBI), has cleared it for now after much internal deliberation.
Zero Coupon Bonds
- It is a debt security that does not pay interest but instead trades at a deep discount, rendering a profit at ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Scheme for Strengthening Medical Device Industry
- 2 Regulatory Framework for Restricted Return InvITs
- 3 World’s First Co2 to Methanol Plant
- 4 Peak Oil
- 5 India’s Renewable Energy Sector Achieves Significant Growth
- 6 4th Phase of Consolidation of RRBs
- 7 RBI’s Framework for Reclassification of FPI to FDI
- 8 RBI’s 2024 List of Domestic Systemically Important Banks
- 9 Windfall Gain Tax
- 10 National Mission on Natural Farming
- 1 Pradhan Mantri Kisan Samman Nidhi
- 2 Lakshadweep Declared 100% Organic
- 3 Equalisation Levy: Taxing the Digital Economy
- 4 International Financial Services Centres Authority
- 5 Better Than Cash Alliance
- 6 RBI Cautions against Unauthorised Digital Lending Platforms/Mobile Apps
- 7 Export Promotion Council for Technical Textile
- 8 100% FDI allowed in DTH Service
- 9 QCI Launches Scheme for Hygiene Rating Audit Agencies
- 10 National Consumer Rights Day
- 11 Green National Highways Corridor Project
- 12 Eastern Dedicated Freight Corridor
- 13 National Eastern Region Power System Improvement Project
- 14 Lucknow Municipal Bonds
